service tax

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dheerender pratap singh

dheerender pratap singh (Querist)
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04 September 2010 what is the entry for service tax in jounal and payment

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 September 2010 Service tax need to account while sale entry

Dr: Customer
Cr: Service charges receivable
Cr: Service tax payable
Cr: E.cess Payable
Cr: SHE cess Payable

While Payment of service tax
Dr: Service charges receivable
Dr: Service tax payable
Dr: E.cess Payable
Dr: SHE cess Payable
Cr: Bank

If you want maintain separte ledger for Service tax up to realisation, you ca make transfer entry while realisation of service tax

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